- About Us
- Industry Sectors
- Issues & Initiatives
- Legislative & Regulatory Affairs
- News & Events
Energy-producing states have been able to bounce back faster and more successfully from the 2009 recession than states that import a majority of their energy, according to new research from a group aligned with Republicans.
An artificial reef is being built at the site of the storied fishing hole known as the Pickets.
The Pickets was a series of oil wells and platforms installed in 10 feet of water off Terrebonne Parish's coast. It was decommissioned and disassembled per federal regulations after being sold by Houston-based Apache Corp. oil company.
The federal government will offer nearly 44 million acres off the coasts of Louisiana, Mississippi and Alabama for oil and gas exploration, the seventh sale in the Gulf of Mexico under its five-year leasing program.
The lease sale, which will be held in March 2015 in the Mercedes-Benz Superdome, will include more than 7,000 lease blocks covering 43.5 million acres in the central Gulf of Mexico.
While much of the country, over the past few years, has struggled to recover from the Great Recession, Louisiana's ongoing surge in the oil and gas industry has kept its economy ahead of the national curve. The sector has driven more than $103 billion in industrial projects that are either under construction, completed or slated to start soon, prompting record job growth.
Next year, it seems, will be no different. In a near repeat of last year's economic projections, Louisiana, for the first time in state history, is expected to surpass 2 million overall jobs in 2015, according to economists Loren Scott and James Richardson.
Covington-based LLOG Exploration installs Delta House hub in Gulf of Mexico, part of $2 billion proj
LLOG Exploration, a Covington-based oil and gas exploration company, said it started installing its Delta House floating production hub in the Gulf of Mexico this week, part of a $2 billion project. The facility is expected to start producing oil and gas in early 2015.